About Claremont
Claremont Property Market Guide
In-depth market analysis, rental rates, and investment insights
The commercial stock in Claremont is concentrated around Main Road, Vineyard Road and the blocks adjacent to Cavendish Square, where a cluster of A-grade and mid-rise office buildings cater to larger floor-plate requirements. Mixed-use developments above retail plinths are common, particularly in the core CBD strip, while standalone commercial buildings on secondary streets offer more modest but functional space. Most modern buildings in the node are equipped with fibre connectivity, backup power generators and secure basement or covered parking, and upper-floor tenants in taller structures frequently benefit from unobstructed Table Mountain and Hottentots Holland views.
Office rentals in Claremont are positioned above the metro average but below the Cape Town CBD's premium core. A-grade and P-grade space in the best-located buildings typically achieves gross rentals of R140 to R200 per square metre per month, while well-maintained B-grade stock generally falls in the R90 to R140 per square metre per month range. These rates sit broadly in line with Century City but above comparable Newlands offerings, with the upper end driven by building quality, floor level, views, parking ratios, and proximity to Cavendish Square. Lease incentives and fit-out contributions are negotiable, particularly on larger or longer-term commitments.
Cavendish Square anchors the retail environment and draws a high-income consumer base that benefits surrounding tenants and their staff throughout the working day. Cavendish Connect and Stadium on Main extend the retail and dining offering, while Main Road and Cavendish Street are lined with coffee shops, restaurants, banks and convenience services within easy walking distance of most office buildings. The Vineyard Hotel provides a convenient venue for client meetings and corporate events, and the proximity to Newlands Cricket Ground and the leafy residential character of the southern suburbs contributes to a working environment that many professional tenants find distinctive and attractive.
Claremont draws a concentration of financial services, asset management, legal, accounting, healthcare and technology firms, reflecting the suburb's appeal to professional services businesses seeking a prestigious Southern Suburbs address without the congestion and parking costs of the Cape Town CBD. The area competes directly with the CBD, Century City and Tyger Valley, and tends to attract tenants whose client base, staff or principals are located in the southern peninsula. For businesses that value a walkable commercial environment, established retail amenity, strong transport access and a building stock that ranges from premium-grade to practical B-grade, Claremont remains one of the most well-rounded office destinations in the Cape Town metro.